Government shows 9.6 billion kronor payments surplus

The Swedish central government had a surplus in payments - negative borrowing requirement - of 9.584 billion kronor ($1.37 billion) in August, compared with a 4.928 billion kronor borrowing requirement a year earlier, the Swedish National Debt Office (SNDO) said.

The SNDO latest forecast had expected a borrowing requirement of 0.9.

“The deviation is mainly explained by tax income being approximately 6 billion kronor larger than expected. In addition, the Premium Pension Authority has made a deposit of 4 billion kronor in their account at the Debt Office,” said SNDO.

The borrowing requirement for the 12-month period to the end of August was minus 105.5 billion kronor kronor (i.e. a surplus).

Government debt was 1.173 trillion kronor at the end of August.